After the past weeks’ price cuts on petroleum products comes the backlash from the petroleum companies. As announced by Pilipinas Shell and Eastern Petroleum, petroleum prices will have to take a hike due to a trend of price increase for crude oil in the global market. Globally speaking, crude oil prices have started to go back up again. Dubai crude oil raised its prices $ 2.00 from $103 to reach $ 105 as of August 18. As a result, premium gasoline is pegged to increase around P 1.40 per li...
Continue reading ...